After making progress in the third quarter, Gulfport Energy Corporation prepares to release its fourth quarter and full-year 2023 financial reports later in the month. The release will be made on Tuesday, Feb. 27 after the close of markets. The next day, Feb. 28, Gulfport management will hold a conference call at 8 a.m. …
Helmerich & Payne in Tulsa reached a deal this week to provide 7 new rigs to Saudi Aramco. Terms of the contract were finalized as the seven super-spec rigs were awarded 5-year contracts with 1-year options. The rigs are expected to be put into immediate use once they are delivered and that should be …
Houston’s Apache Corporation agreed recently to pay a $4 million fine for clean air violations of its more than 400 oil and gas wells in the Permian Basin. It led New Mexico officials to call for even more scrutiny of oil and gas operations. The agreement settles legal action taken against the company …
A fight is brewing in the Kansas legislature over a bill aimed at exempting the Kansas Corporation Commission from the state’s Open Meeting Act. Skepticism has been raised by the Kansas Electric Cooperaties and its 29 non-for-profit cooperatives. Under the bill filed by a Wichita Representative, corporation commissioners would be able to “sidestep” the …
Several more energy firms located in Oklahoma, either with headquarters or through oil and gas operations filed SEC reports this week revealing ownership by investment groups. Mammoth Energy, based in Oklahoma filed a report showing 2,368,145 shares or 4.94% were owned by ValueWorks Limited Partners LP of New York City. The Vanguard Group has heavy …
A few things resulted in gains on Tuesday in crude oil prices—the Middle East conflict, the war in Ukraine and the U.S. Fed is waiting longer to cut rates as inflation stays elevated. But Oklahoma energy stocks went the opposite direction—down. As a result, West Texas Intermediate crude rose 95 cents or 1.24% and …
Kansas Attorney General Kris Kobach wants to bar foreign nationals from owning 10 acres or more of land in his state, but he’s run into some power opponents…namely the Kansas Farm Bureau, Livestock Association, Agribusiness Retailers Association, Corn Growing Association and Soybean Association. Kobach came up with Senate Bill 446 over concerns about foreign …
Oklahoma Corporation Commissioners will hold a special meeting Thursday at 10 a.m. to handle more rulemaking for some of its divisions. But it will also consider an unopposed settlement agreement posed by the Attorney General’s Office regarding a request by Arkansas Oklahoma Gas or AOG. AOG has proposed a $690,000 plan to retain its customers …
Voters in Oklahoma will be able to watch live coverage Thursday when the House Utilities Committee handles a measure focusing on electric service companies offering service outside their own service territories. Introduced by Rep. Trey Caldwell of Lawton, it is called the Retail Electric Supplier Certified Territory Act. His bill would require a retail …
More than 3,400 customers of Oklahoma’s Electric Cooperatives remained without power Tuesday morning as a result of the weekend snow storm. The OEC indicated the total was 3,413 customers ranging in counties from the Panhandle to the southwest. Caddo County, home to Anadarko, was hardest hit and as of Tuesday, still had 1,780 customers …
